Technical Analysis #C-COCOA : 2015-10-29

Cocoa edges up despite news The cocoa prices continued to grow after the Presidential elections on Sunday in Côte d'Ivoire. This African country is the world leader in its production accounting for the 35% of the global market. The incumbent Alassane Ouattara, who previously was the IMF managing director, has won the elections. According to the reports, the opposition recognized the elections as valid. The majority of the market participants were anticipating the correction down in case of the

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